On 19 August 2025, in the presence of the chief minister of Maharashtra, Rovision Tech Hub Private Limited signed a memorandum to invest ₹2,564 crore, about $290 million, in a data centre campus at the TTC Industrial Area north of Navi Mumbai. Part of the money is foreign direct investment. The company says it will create 1,100 jobs. It did not say how big the data centre would be, where exactly it would sit, or where its power would come from. It was one of eight memoranda signed that afternoon, worth ₹42,892 crore in total.
1At a glance
2What the memorandum says
The disclosed content is short enough to quote in full. The company will invest ₹2,564 crore in a data centre campus at the TTC Industrial Area, generating 1,100 jobs, with part of the investment coming through foreign direct investment. The facility is described as green-certified, energy-efficient and well connected.
That is the whole of it. There is no capacity, no site, no schedule and no power arrangement. In a market where a single 26 MW tower is a ₹1,500 crore building, a ₹2,564 crore commitment is a facility of real size — and its size is exactly what has not been stated.
A data centre investment without a capacity figure cannot be tested. ₹2,564 crore is consistent with a small campus of 37 MW and with a mid-sized one of 78 MW, depending entirely on assumed build cost.
It also cannot be compared with the site. The TTC Industrial Area is the most contested data centre land in India. Whatever parcel Rovision ends up with determines whether this is a 40 MW building or an 80 MW one.
3What ₹2,564 crore could be
| Rate | Source project | Note |
|---|---|---|
| ₹33 crore per MW | Uttar Pradesh committed pipeline, ₹21,343 crore for 644 MW | State-level blended rate across many operators |
| ₹56 crore per MW | CtrlS Chennai park, ₹4,000 crore for 72 MW | A single high-specification campus |
| ₹70 crore per MW | HCLTech’s disclosed ₹3,500 crore for up to 50 MW | A company’s own stated ceiling |
If the ₹2,564 crore is pure construction cost, the project is somewhere between 37 and 78 MW. If it includes land, substation works, fit-out and computing equipment — which is how most of these announcements are actually constructed — the data centre capacity it implies is materially smaller.
4One afternoon, eight memoranda
Rovision was the third of eight memoranda the Maharashtra government signed on 19 August 2025, worth a combined ₹42,892 crore and claimed to create tens of thousands of jobs. Two of the eight were data centres, at the same industrial area, on the same afternoon.
| Company | Value | Location | Jobs | Capacity |
|---|---|---|---|---|
| Rochak Systems Private Limited | ₹2,508 crore | TTC Industrial Area | 1,000 | Not disclosed |
| Rovision Tech Hub Private Limited | ₹2,564 crore | TTC Industrial Area | 1,100 | Not disclosed |
Rochak has since been described in state coverage as proposing a project on about 1,14,500 square metres — roughly 11.5 hectares, or 28 acres — at the Trans-Thane Creek Industrial Area. Nothing comparable exists in the public record for Rovision.
Two memoranda, in the same industrial belt, with values within 2% of each other, announced on the same afternoon, both for data centres, neither with a capacity figure. That pattern is worth understanding before treating any single one of these numbers as a project.
The 19 August 2025 signing took place five weeks before Maharashtra's local body elections, and the state's own press release led on the combined ₹42,892 crore rather than on any individual project.
That does not make any individual memorandum false. It does mean the numbers were produced for a political calendar rather than an investment committee, and should be weighted accordingly.
5The Maharashtra pipeline problem
This is the most useful thing on the page, and it applies far beyond Rovision.
| Measure | Figure | Source |
|---|---|---|
| Memoranda signed under Invest Maharashtra | 67 agreements, ₹8.57 lakh crore | October 2026 |
| Of which data centres, IT, IT services and semiconductors | ₹4.15 lakh crore | October 2026 |
| State-wide announced data centre pipeline | ₹16.69 lakh crore | May 2026 |
| Mumbai live IT load, end of 2025 | 766.6 MW | Market research |
| Mumbai projected IT load, 2027 | about 866 MW | Market research |
Divide the committed ₹4.15 lakh crore by Mumbai's projected 866 MW and you get about ₹479 crore per megawatt. The actual build cost in this market is ₹50 to ₹70 crore per megawatt. The announced pipeline is therefore roughly seven to ten times the capital the capacity requires.
There are honest explanations. Long programmes, land banking, equipment and GPUs, multiple phases and decades of spending. But the practical consequence is unavoidable: Maharashtra's headline investment numbers cannot be used to size the market, and neither can any individual project's number be used to size the building.
Anyone forecasting Indian data centre equipment demand off state memorandum values is overstating it by close to an order of magnitude.
The only numbers that survive contact with a bill of materials are megawatts, and for this project there are none.
6Timeline
- Rovision Tech Hub signs a memorandum with the Government of Maharashtra for a ₹2,564 crore data centre campus at the TTC Industrial Area, claiming over 1,100 jobs. One of eight memoranda signed the same afternoon, worth ₹42,892 crore combined.
- Trade press reports the signing internationally. It confirms that capacity and size were not disclosed, and that part of the investment is to be foreign direct investment.
- Fourteen months on. No land parcel, power sanction, design, contractor, construction start or capacity figure has been published.
- Any capacity, site, schedule or funding detail
7What we refuse to invent
8Limits and open questions
9Sources
This record was compiled entirely from publicly available sources, cross-checked against one another.
Chief Minister of Maharashtra office·Economic Times·DatacenterDynamics·Indian Infrastructure·Hindustan Times·New Indian Express·Times of India·Free Press Journal·Outlook Business
Gridvik does not publish source URLs on record pages; citations are retained in the internal source register and are available on request.
A short record of a large memorandum supported by a single afternoon's press release. It is published as short deliberately.
Corrections are free and published with a date.
